Press Releases

2008

TEAL awarded Uranium licences in Mozambique

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced that the Company’s applications for a number of mineral exploration licences in the Republic of Mozambique have been successful.

Measured and Indicated Resources increased by 105% at Konkola North's South and East Limb Areas

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has received the Independent Technical Report, signed-off by SRK Consulting South Africa (Pty) Limited (“SRK”), for the resource estimation of the Konkola North Copper Project’s South and East limb areas in Zambia.

TEAL and Antofagasta enter into Zambian Copper Exploration Joint Venture

TEAL Exploration & Mining Incorporated (TSX-"TL") (JSE-"TEL") ("TEAL" or the "Company") has signed a joint venture agreement with Antofagasta Minerals SA ("Antofagasta Minerals") for an initial 30% interest in two of TEAL’s exploration licences in Zambia.

TEAL receives letter from DRC Minister of Mines regarding DRC Mining Contract Review

TEAL Exploration & Mining Incorporated (TSX-“TL”)(JSE-“TEL”) (“TEAL”) has received its written notification from the Minister of Mines of the Democratic Republic of the Congo (“DRC”) informing the Company of the outcome of the DRC’s Mining Contracts Review Commission with respect to TEAL’s Kasonto-Lupoto Mines sprl (“Kalumines”) property.

Kalumines reports excellent operational results and exploration drilling program completed

In releasing results for the period ended December 31, 2007, TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE- “TEL”) (“TEAL” or the “Company”) announced that its Lupoto mine in the Democratic Republic of Congo (“DRC”) has been commissioned and planned production levels are being achieved.

TEAL discovers copper and cobalt mineralization at Kalumines' Karu Prospect in the DRC

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced the discovery of copper and cobalt mineralization in the Karu East block (“the Karu Prospect”) some 5km SSE of the Lupoto Copper Project.

Extension and definition of high grade gold zone at TEAL's Otjikoto Gold Project

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE- “TEL”) (“TEAL”) has announced further high grade drilling results from its Otjikoto Gold Project in Namibia.

Kalumines’ Lupoto Copper Project

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced further high-grade exploration drilling intersections at the Lupoto Copper Project, which forms part of TEAL’s 60%-owned Kasonta-Lupoto Mines sprl (“Kalumines”) mining licence area, situated close to Lubumbashi in the Democratic Republic of the Congo (“DRC”).

2007

Kalumines reports excellent drill results and achieves planned mining levels at Lupoto

In releasing results for the three months ended September 30, 2007, TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has announced that its planned mining rate at the Lupoto Copper Project, which forms part of the Kalumines property in the Democratic Republic of Congo (“DRC”), was achieved shortly after the end of the period under review.

Upgrade from the Inferred to Indicated Mineral Resource Category and pre-feasibility study progress at TEAL's Otjikoto Gold Project

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has filed an Independent Technical Report (“the report”) on the gold resources at the Otjikoto Gold Project in Namibia.

TEAL Finalizes Funding of an Additional US$30 Million

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has announced that Standard Chartered Bank has made available an increased bridging facility to the Company that totals US$50 million.

TEAL concludes local partnership in Namibia and signs MOU in the DRC

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE- “TEL”) (“TEAL” or the “Company”) has announced the conclusion of a partnership with EVI Mining Company Limited (“EVI”) in Namibia, and TEAL has signed a Memorandum of Understanding (“MOU”) with Waka Mining and Petroleum Investment Company s.p.r.l. (“Waka Mining”) in the Democratic Republic of the Congo (“DRC”).

Kalumines' Lupoto Copper Project - Drilling Update

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced further high-grade exploration drilling intersections at the Lupoto Copper Project, which forms part of TEAL’s 60%-owned Kalumines Copper-Cobalt Project (“Kalumines”) in the Democratic Republic of the Congo (“DRC”).

Increased Mining Rate for Kalumines and Konkola North technical study completed

In releasing results for the three and twelve months ended June 30, 2007, TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has announced an increased mining rate at its mine being commissioned in the Democratic Republic of Congo (“DRC”). Furthermore, the technical aspects of the feasibility study for the Konkola North Copper Project in Zambia have been completed indicating a mine capable of producing 25,000 tonnes a year of contained copper.

TEAL appoints two Executive Directors

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced that TEAL’s Chief Financial Officer (“CFO”), Mr. Hannes Otto Meyer (37), and TEAL’s Chief Operating Officer, Mr. Arné Nicolaas Lewis (38), have been appointed to the Board.

Resource increase and infill drilling confirms geological continuity at TEAL's Otjikoto gold project

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced an increase in the Otjikoto Gold Project Inferred resource from 1.30 to 1.76 million ounces of gold, equating to 44 million tonnes grading 1.246g/t. This addition of 460,000 ounces of gold is principally related to the intersection of extensions, still open ended, to the vein system in the southern and eastern areas of the deposit.

TEAL reports on Kalumines’ initial Lupoto drill results and provides update on current mining

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced its first set of copper drilling results from the exploration program on the Lupoto area of the Kalumines Copper-Cobalt Project (Kalumines) in the Democratic Republic of Congo (“DRC”).

TEAL finalizes funding of US$20 million

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has announced that Standard Chartered Bank has made available a one-year ‘bridging’ facility of US$20 million to the Company. This facility is being guaranteed by African Rainbow Minerals Limited (“ARM”), TEAL’s major shareholder.

TEAL initiates its first copper production

In releasing results for the quarter ended March 31, 2007, TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has announced that copper mining has commenced on the Lupoto deposit at TEAL’s 60%-owned Kalumines Copper-Cobalt Project (“Kalumines”) in the Democratic Republic of the Congo (“DRC”).

Pre-feasibility study initiated at the Otjikoto Gold Project, and more high grade zones delineated by drilling

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) has announced the commencement of a pre-feasibility study at its wholly owned Otjikoto Gold Project in Namibia, following the identification of a 1.3 million ounce gold resource, and recent encouraging drilling results.

Resource categories revised at Konkola North, and feasibility studies well advanced

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”) has today announced Measured and Indicated resources for the South and East Limbs of Konkola North, and provided an update on the Konkola North Copper Project feasibility study.

TEAL releases results for the quarter ended December 31, 2006

Patrice Motsepe, Chairman of TEAL, said, “TEAL continued on its growth path of bringing its assets and properties up the value curve towards mining and production activities. Good progress has been made with feasibility studies, project developments and exploration drilling at the various assets and properties owned by TEAL”.

2006

TEAL releases results for the quarter ended September 30, 2006

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL” or the “Company”), which is incorporated in Canada and listed on the Toronto Stock Exchange (“TSX”), and the JSE Limited (“JSE”) today released its results for the three months ended September 30, 2006.

TEAL receives Zambian mining licence approval

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) announces that it has received an approval from Minister Kalombo Mwansa, the Zambian Minister of Mines and Minerals Development, for a Large Scale Mining Licence over its property in the Musenga area of the Kalulushi District of the Copperbelt Province in Zambia.

Resource base increased to 1.3 million ounces at TEAL's Otjikoto gold project

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) announces the results of the first phase of its resource expansion project at the Otjikoto Gold Project in Namibia.

Further positive drilling results at TEAL's otjikoto gold project

TEAL Exploration & Mining Incorporated today announces results that indicate the continuation of higher grade zones of gold mineralization at its Otjikoto Gold Project in Namibia

TEAL releases results for its financial year and fourth quarter ended june 30, 2006

TEAL Exploration & Mining Incorporated, a Yukon, Canada corporation listed on the Toronto Stock Exchange (“TSX”), and the JSE Limited (“JSE”) today released its June 30, 2006 audited year end and unaudited fourth quarter results.

TEAL acquires furnace with capacity to produce 5,000 tonnes of copper per annum in the DRC

TEAL Exploration & Mining Incorporated announces that it has acquired an electric arc furnace with a capacity to produce approximately 5,000 tonnes per annum of ‘black copper’ ingots grading 85% to 95% copper

TEAL signs memorandum of understanding to create local Namibian partnership

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”) announces that its wholly-owned Namibian subsidiary has signed a Memorandum of Understanding (MOU) with EVI Mining Company Limited (“EVI”) and NedCapital Namibia (Pty) Limited (“NEDCAP”), the financial advisors to EVI.

TEAL Exploration & Mining releases results for the three months ended March 31, 2006

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) (“TEAL”), which is incorporated in Canada and listed on the Toronto Stock Exchange (“TSX”), and the JSE Limited (“JSE”) today released its quarterly result for the three month period ended March 31, 2006.

TEAL announces positive drilling results at its Namibian gold project

TEAL Exploration & Mining Incorporated has today announced a revision of the previously disclosed Otjikoto Gold Project resource estimation, as well as progress with its on-going resource expansion drilling program, and the identification of coincident Spectrem™ airborne electro-magnetic (“Spectrem™ AEM”) and gold-in-soil anomalies, 2km to the southwest of the Otjikoto resource.

TEAL Exploration & Mining announces JSE secondary listing

TEAL Exploration & Mining Incorporated (TSX-“TL”) (JSE-“TEL”) has announced that it has obtained, effective Monday, 3 April 2006, a secondary listing of its Common Shares on the JSE Limited (the “JSE”).

TEAL exploration & mining releases results for the six and three months ended december 31, 2005

TEAL Exploration & Mining Incorporated (TSX-“TL”) (“TEAL”), which is incorporated in Canada and listed on the Toronto Stock Exchange (“TSX”), today released its interim result for the six and three month periods ended December 31, 2005.

2005

TEAL exploration & mining announces closing of underwriters' over-allotment option

TEAL Exploration & Mining Incorporated (TSX-“TL”) announced today that the underwriters of its recently completed initial public offering have purchased 1.1 million treasury common shares from TEAL at the initial public offering price of Cdn.$2.25 per share for gross proceeds of Cdn.$2,475,000 in connection with the closing of the exercise of the underwriters’ over-allotment option. This brings the total gross proceeds raised from the initial public offering to Cdn.$42,525,000

TEAL subsidiary signs agreement for copper oxide ore processing in the DRC

TEAL Exploration & Mining Incorporated (TSX: "TL") ("TEAL"), which listed on the Toronto Stock Exchange ("TSX") on November 15, 2005 following its initial public offering ("IPO") that raised US$31.3 million (net of expenses), today announced the signing of an agreement to process high-grade copper ore in the Democratic Republic of Congo ("DRC").

Financial Results: Three months ended September 30, 2005

TEAL Exploration & Mining Incorporated (TSX-"TL") ("TEAL" or the "Company"), which listed on the Toronto Stock Exchange ("TSX") on November 15, 2005 following its initial public offering ("IPO") that raised US$31.3 million (net of expenses), today released its interim financial results for the three month period ended September 30, 2005.

TEAL Exploration & Mining Completes Initial Public Offering

TEAL Exploration & Mining Incorporated (TSX-“TL”) announced today the completion of its initial public offering of 17.8 million common shares for gross proceeds of approximately C$40 million.

TEAL Exploration & Mining Inc. Files Final Prospectus for Initial Public Offering

TEAL Exploration & Mining Incorporated ("TEAL" or "the Company") announced today that it has filed a final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its initial public offering of 17.8 million common shares at a price of C$2.25 per share.

Preliminary prospectus filed

TORONTO, CANADA - TEAL Exploration & Mining Incorporated announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its proposed initial public offering of common shares. RBC Capital Markets is sole bookrunner and co-lead manager, and Haywood Securities is co-lead manager, to the offering.